Smart Money Room

SmartMoneyRoom.com

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Summary

Smart Money Room is the latest trading hustle from Mr. Steven DeWitt. For the past 15 years, Mr. DeWitt has cycled through a multitude of failed and fraudulent trading ventures. A long, sad, and pathetic history of quick, one-off trading scams where Mr. Steven DeWitt claims that “anyone can easily earn thousands of dollars each week”. A supposed “real time, 100% verifiable track record” that cannot be verified. Claims to be the worlds greatest trader and 15-time world trading champion. No proof exists. A complete and total charlatan. Avoid.

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Pros:Nothing to recommend.

Cons:15 years of failed and fraudulent trading ventures promising massive returns and no losses. Proclaims to be the "World's Greatest Trader and 15-time World Trading Champion", yet can provide no proof or reference to supposed greatness. A complete and total fraud, the quintessential trading charlatan. A pathetic individual.

Thanks for reading today’s review of Smart Money Room

What is SmartMoneyRoom? The service is a live day trading room that is owned and managed by person named Steve DeWitt. The cost of the live trading room is $197 per month.

SmartMoneyRoom maintains a YouTube channel at the attached link. TradingSchool.Org viewed all of the recorded videos and webinars. The “live” trading video’s are primarily recordings of NinjaTrader market replay, where Mr. DeWitt claims that he typically earns between $2,000 to $5,000 per week trading futures.

Steve DeWitt makes some amazing claims about his live, day trading room. On the SmartMoneyRoom.com website, Mr. DeWitt claims a fully verified profit of 135% for 2015.

In addition to these amazing claims of profits, Steve DeWitt also claims the following:

Winner of over 15 International Trading Contests including the largest Forex trading contest ever.

Steve DeWitt is the Author of over 100 articles for several trading publications.

Today, professional trader Steve DeWitt threw down the gauntlet challenging any and all traders to a one-on-one $100,000 winner take all trading contest.When asked about his trading style, Mr. DeWitt stated, “Simply put, the trading system I use is so powerful that I know I can out trade anyone in the world and I challenge anyone to prove me wrong.”If you are up to the challenge and you have $100,000 to throw away, ante up and contact Mr. DeWitt directly at [email protected]

TradingSchools.Org reached out to Steve DeWitt, seeking verification of of the supposed 135% “fully verified” returns for 2015. Unfortunately, Steve Dewitt could not provide anything that verifies these amazing performance claims.

We also asked for references regarding claims of articles that Mr. DeWitt has written for “several trading publications.” Once again, none could be provided. In fact, a search of Google returned zero articles attributed Steve DeWitt.

In addition, Mr. Steve DeWitt claims that, “I am the worlds greatest trader and in the past 6 years, nobody has the guts to challenge me to the $100,000 trading challenge.

And finally, Mr. Steve DeWitt proclaims that he is the world champion of 15 international trading contests. Once again, TradingSchools.Org asked for references or articles that proclaim or reference his amazing trading victories…however, none could be provided by Mr. DeWitt.

Steve DeWitt: a closer look.

Mr. Steve DeWitt has been making outrageous claims of superman-like trading abilities for a very long time. A deep web search reveals a multitude of failed and fraudulent activities.

Prior to SmartMoneyRoom.com, Steve DeWitt owned a day trading educational company named ForexConfidential. The following link highlights, once again, his supposed trading performance.

A review of the Forex Confidential website reveals that Mr. Steve DeWitt claimed the following:

I am making 1.9% on my money every business day – so will you – it’s easy!!! We conduct meetings every Wednesday night (Wealth Wednesdays) at 8pm eastern where we talk about your wealth. I show you how to earn 20%to 45% on your money EVERY month and how to compound it daily.

Of course, a daily compounding rate of 1.9% is truly remarkable. In fact, if a person had invested only $5,000 with Mr. DeWitt and continued to compound daily for a single year, then a person would of realized a profit of $4,814,446. I dont know about you, but those types of returns get me excited.

In addition to these amazing claims, Mr. DeWitt claims that “anyone can profits thousands of Pips each month by simply following my amazing system. Unfortunately, for those that were foolish enough to believe such nonsense received nothing but losses and blown up trading accounts.

A long and sad history of trading scams…

Apparently, Mr. DeWitt has been running these trading scams for many, many years. Some of his other trading gems include, DeWitt University, where your trading dreams can come true. If your dreams did not come true with DeWitt University, then perhaps your trading could of improved with 4XRiches.com, where Mr. DeWitt once again claims hundreds of thousands of dollars of easy profits.

If my 4XRiches.com didnt work out, and you did not get rich. Then perhaps try out LearnFXTrading.com, where once again, Mr. DeWitt claims that anyone can earn $10k each month, trading Forex.

Truth be told, I have probably only scratched the surface with Steve DeWitt. The more I searched, the more ridiculous nonsense turns up on this con-artist. What seems even more pathetic is that in his most recent promotion, he touts his Christian faith and even has the audacity of posting pictures of himself and what appears to be several children. Who know if they are his kids or just some “props” that make him look more trustworthy.

Wrapping things up

Sometimes you have to laugh at the nonsense that some of these trading charlatans try and pass off. For over 15 years, Mr. Steve DeWitt has gone from fraud to fraud, website to website, leaving a trail of unhappy people that trusted him. Yet, he continues to march forward, enabled by crooked promotors like OnlineTraderCentral, that have promoted Mr. DeWitt several times over the years. Or, NinjaTrader Broker/Ecosystem that continues to provide a platform and environment where these charlatans can thrive.

Well, that’s it for today. Thanks for reading. And sorry for yet another sad and depressing story of a human turd that continues to latch himself onto the heels of good and trusting people. Don’t forget to leave a comment below.

Steve was affiliated with Todd from academy day trading using the pro 9 software. I used smart money for a week as a trial and lost $1500. Now I am wondering if the pro 9 software is also a scam?? Because you can never figure out which markets to go with, at the time they are happening. You are wiser after the move happens. All the indicators line up after . Do you have any feed back on this software?

I have spoken with, and met Todd Rampe. Do I like Todd Rampe as a person? Yes. Do I like his indicators? No.

Everyone has to make a buck someway. Todd sells indicators. But hardly anyone has asked for a review, so its really not on my radar.

In my opinion, the only indicators worth value or those that have a valid statistical edge. And have been battle tested by the developer. I cant really say whether Todd trades or not, truth be told…I dont want to have to ask him. Lol.

wow!! This is crazy. I can’t believe these people get away with their lies. Thank you for exposing them!! You are providing a much needed breath of fresh air to the trading community. Thank you for your honesty! It’s almost impossible to find these days.

You know something Emmett and speaking of TURDS (as you reference below), yer the biggest turd on the planet…The mindless lemmings that follow your opinion (on this worthless blog) are obviously mental idiots who most likely can’t trade and need people like you to give their life purpose and meaning. Who’d really follow or take value in a one-sided, unsubstantiated and unfounded reviews that you spew on this blog…idiots, that’s who. You jump into a room, you come out and trash talk them because YOU didn’t get to see their trading journal? Really dude so that alone make them worthy… Read more »

Am I understanding you correctly Major. Anyone who demands proof of the claims made by trading vendors, in the form of verified trading statements, is a lemming. And the person who has exposed their lies and scams is a TURD. What a nasty confused world you have created for yourself. Thankfully most people who contribute to this blog have more sense than you do.

He is the one doing the review. Who else do you expect to be the one to look at the verification documents? Your logic is so defective that it is hardly surprising that you have now degenerated into hurling insults.

Warrior Trading must have really misled you so badly that you have blown your account, which would account for your anger towards the person who told you the truth that you ignored.

The trouble is Mongo that you can’t accept that people are thinking for themselves. They think that claims made by people like Ace Trades need to be proven by verified trading statements to prove that the product works. Without it Ace falls into the same category as people selling cures for baldness. The person arguing that a vendor shouldn’t have to prove their claims is the only idiot here and that would be you.

I think that the number of posts and the amount of discussion generated in this review that is not related to the Smart Money Room shows that a forum would be a useful addition but what a lot of work to moderate/monitor it. I think that Emmett already has more than enough on his hands.

I signed up for the trial this week (10/17) only to find that Steve Dewitt is no longer with them. They didn’t go into detail other than to say they had a contract with Steve and it was not followed… 🙁

I was in Smart money room with Steve Dewitt. I saw him call 6 winners in a row. Never a losing day with him. Not all winners but easy %80 winners. I am trying to reach him also .email me at [email protected]

Chris I was in the room for @ 2 months with Steve. Because of my work I couldn’t stay in the room for more than an hour and missed a lot. I missed some good calls by steve because of my inexperience. Sim trading, I was up @$2500–Real money, I had a +$950 day , +$550 day and a +$700 day trading 3 contracts. One of the worst days of my life was when I got the email saying Scott D was in charge of Smart money Room.I think Steve is going to open his own room but I haven’t… Read more »

You made $2500 in 3 days, but: “Because of my work I couldn’t stay in the room for more than an hour and missed a lot. ” F’in take vacation and you would now be able to quit your day job. More than likely you would have lost all your money back, of course that assumes you made $2500 in the first place. Of course you are always free to show Emmett those brokerage statement on how profitable this TR is so he can re-evaluate it. Until that happens, I will refer to you as BS Mike. Actually I have… Read more »

Stray Dog, I didn’t sign up for the room, I was just wanting more information. There’s no harm in that. As for Emmett’s review, as far as I can tell, he didn’t even trial the room, so how does he know if Steve can trade or not?

To be honest, I don’t know how well Steve Dewitt trades futures, but I do know for a fact that back in 2008 when he was trading forex he doubled my account.

You did not try his room but this guy doubled your account in 2008, but you have no proof of that. Your post is hysterical.

If this person doubled your account in a million years you would not have left him and as Stray Dog pointed out be very rich by now.

Let say for a second you are legit and not a shill. Do you not see how coming heer and saying this person doubled your account, but refuse to show any proof what so ever makes you look like a promoter.

Rob B, Yeah – really. Since I already dealt with this above I’m not gonna waste my time trying to explain it to you (that is if you’re not all the same person). For personal reasons, I left trading after ’08. I lost all track of Steve and had no idea he was in SMR until just a couple weeks ago, right as he was being released from his contract with them. If I was a shill for Steve don’t you think I would have been on here from the start declaring how great Steve and SMR are? I just… Read more »

Despite making a 100% gain in 2008 you left trading for personal reasons! Those personal reasons being … 1. You were in a coma. 2. You were in prison. 3. You joined a monastery. 4. The color of money clashed with your eyes. 5. Money made your ass look big. It must have been some very compelling reason to walk away from 100% returns and why has it taken 8 years to decide that you’d like to start making 100% on your money again?

Stray Dog You talk like a real a**hole. You don’t even make sense. You are probably being paid by someone to act and talk stupidly because no normal person would say the stupid things you do. You ignorantly start telling someone that they were in a coma, prison, monastery. God was very unkind to you when you were born, besides making you a jackass he left you with a warped mind and very little brains

Hi Mike, I think you meant to say that I “write’ like a real a**hole. You may be correct and I guess I would come across as an a**hole to shills that I challenge to prove their claims of doubling accounts and making $2,500 in 3 days from a trading room operator who has demonstrated that he’s dishonest and unable to support his claims of trading profitability.

The pattern seems to repeat often with reviews on TS. The reviews comes out. The vendor ignores it and refuses to show proof to Emmett (because they have no live trading records for years since the last failed losses). Then the current client noobs and potential new clients ask questions referring to this review. Then the clients and newbs leave and drastically impacts the monthly churn of the sham site. Then the shill comes to TS comments here to do “damage control”. Check this out where the trading room mod puts down 2007 as start of trading experience. http://www.smartmoneyroom.com/bio/ Then… Read more »

dtchurn, learn to read. The bio is for Scott Dahlquist. I only took a one week trial in the smr when he was there. I didn’t like it so I canceled. I was with Steve Dewitt in 2008 when he was running Forex Confidential.

Btw, smart money room IS the traderoom for academy day trading and their pro9 trader system, genius. So yes, they’ve been around the same length of time.

Faulty logic. You are making a specific claim of making money. You are being called on that to prove it.

Those you are attacking are not making any claims, as a prelude to selling their expertise, so what is the point of challenging them to prove they can trade profitably?

Any claims that they do make still have no relationship to your claims. You claim a profitable outcome. They do not believe you. Shut them up by shoving the proof in their face or slink away like the troll that you are behaving like.

Absolutely right. Easy to be a fraud. That is why we here ask for actual proof of ones claims. You can go to all the other scam sites like investo-scam-u and post advertisements. This is the only and first place that demands proof. Emmett stated these clowns refuse to show any proof what so ever they can trade profitable. That speaks volumes. If he really doubled your account why do you need to ask anyone about Steve. You should join his room Today and then trade his method live and then provide some actual proof. Now that would be useful.… Read more »

I know for a fact that if DeWitt could trade he’d have brokerage statements to prove it but he has zilch in the way of proof. I also know for a fact that people can make any fictitious claim they like about doubling their account but again without a shred of evidence those claims have to get filed in the BS basket especially when they are made by person who is attempting to talk up a trading room operator who has been shown to be thoroughly untrustworthy.

I don’t want to give any more oxygen to these shills but I have to point out the utter nonsense of Chris’s claim that DeWitt was responsible for doubling his forex account balance. Let’s assume that Chris begins 2008 with a modest $5,000 trading account and he turns it into $10,000. He starts 2009 with $10,000 and it grows to $20,000. 2010 his account doubles to $40,000, 2011 $40,000 becomes $80,000, 2012 $160,000, 2013 $320,000, 2014 $640,000, 2015 he cracks the millionaire mark turning $640,000 into 1,280,000. Chris, if any of your claims were true, right now in 2016 you’d… Read more »

Stray Dog, I’m not trying to convince you or anyone else on here of anything, just stating what happened to me. I don’t care if you believe me and I sure as hell ain’t pulling out broker statements from 8 years ago (even if I could find them) to prove some random dog on the internet wrong. I did double my account with Steve in ’08, but I didn’t continue trading with Steve. Why? Well that’s my own business. You don’t know me or what I was going through at that time and I’m not much for telling you. I’ve… Read more »

Pointing out the obvious, that a vendor who makes great claims about profitable trading but refuses to produce any proof in support of those claims is probably not someone you should trust or give your money to is “bashing” is it? It must be an interesting world that you live in where asking for proof that someone can do as they claim is an unacceptable thing to do. As for me sharing my brokerage statements I should do this why? Am I selling a product? Am I running a trading room? Am I making any claims about my trading? However,… Read more »

Didn’t you read what I wrote? I haven’t had anything to do with Steve since ’08. I have no idea if he can trade futures. He was no longer in SMR when I trialed last week so I don’t know anything about him now, only asking for those who might have had experience (which Emmett doesn’t). You say you sent Emmett screen shots, but that’s just your word. Like i said before, for all we know you’re Emmett. Say what you want, but no vendor is obligated to show Emmett, Dean Handley, you or I anything. At the end of… Read more »

Just stop it, please. You dreamcrusher, you. They want to give their money away, and you keep telling them not to. Why? It is their money. Let them do as they will. They need no proof. Just leave them alone.

They want to trade on faith, not evidence. Let them. Faith is as heady a drug as hopium. As Moses would put it: “Stop not they that will indulge the hopium, for it giveth much comfort to the addled and afflicted.”

Hi Jerry, All I know is when I went in Monday, Todd Rampe was presenting and he said that Steve was no longer with them and then introduced Scott Dahlquist as the new moderator. I stuck around for the day but I wasn’t too impressed.

Steve had a few WTF moments in his room…but, he isn’t a shitty trader. He made money most of the time…using the Pro9 software…which is pretty good imo. It’s about 80% accurate. Not perfect, but, not crap either.

Some comments about smartmoney. DeWitt’s new site uses Ninjatrader so it’s probably a new member of the ecocesspool. The photo of the blindfolded guy looks like from the same photo set used by Jousef’s GTR front page. I guess not many would disguise themselves like WT Ross with glasses and beard to look like a farmer’s market bread loafer guy. $200/month is a bit lower than the average legacy rooms. Netpicks continues with $300/month. Kongzana is $300/month also. Valdemar also peppers his site with “top trader” placement “competition lists’. My guess is smartmoney guy got caught one too many times… Read more »

While I have not done an exhaustive investigation on Mr. DeWitt, I have spent several days in his trading room, and I can say, without reservation, that on most days, profits are being made. Of course, the amount of profits made by an individual trader depend on his/her experience and number of contracts traded. The last time I was in the room I heard one trader state that he had made $900 in that day, so it is not that people are not making money. Whether or not his background is shady, I have no idea. I am only speaking… Read more »

Hi Fred. I haven’t been in Steve’s new room, but I can attest for a fact that when I was with him when he was trading forex around ’07-’08 (Forex Confidential, if I remember correctly), I was auto trading his signals and he doubled my account.

What I find particularly odd about Emmett’s review is that he is reviewing the site not the room. Unless I’m mistaken, it would seem he never even took the trial and went into the room, so how could he give an honest review?

Adams isn’t the friendliest guy in town, so he is not a guy you would want to choose to be friends with. He doesn’t seem to be looking for friends. I have been in the room for a while now, and the first 2 months he seemed to be on the wrong side of a couple of large trades, but has come back and been on fire for the last couple of months. I share the same broker as him and can say they he didn’t blow any accounts out as my broker Jimmy just laughed at the question when… Read more »

David is full oh crap. He sent me email after email outlining his “15 day refund for MY protection” then BS’s you, lies and gives excuses. He say he will refund you and sometimes says he did and look for check, but its BS and then laughs to you about it. Total loser…

I was there the whole time and it is bullshit. He was nice to the guy but you could tell he was never going to make it. No one can trade for you and after Sim for at least 6 months and you cannot be consistent go to Vegas, I spent 5 years as a weekend crap shooter and at the end I was even and had lots of fun. Sorry, but you have to figure out your own method and aggressively keep going.

He paid for education. He got the education. If it was useless that it not the educator’s business. If you pay for a degree in architecture, and cannot get a job designing buildings because you do a crappy job, you do not get to demand a refund from the university. Same thing. One must do due diligence before paying for ANY kind of education.

That being said, it is also well known that I am highly critical of David Adams claims and practices, especially after he demonstrably martingaled a 5k account into oblivion on as single trade.

When one clearly initiates they will refund you and you get nothing, no trading education ever, not once entering their trading room, and then ask for the refund they told you they would do…..you Cyn too would expect a refund.

I don’t recognize trading in seattle, nor do I have a broker named Jimmy. It is true that I am trading for a prop house these days. (A real prop house not a Top Step trader type of thing) They are former colleagues when I traded at the institutional level. I have no comment on how much money I trade. I did have a 28% drawdown this summer, which has been recouped. I am running the trade room until the current paid members get tired of me. While I no longer use the website and have taken it down, the… Read more »

Here’s your email david, you POS. Well, I broke the news to the other fellas, to some grumbling I might add. So here is what you need to do. Send $1599 minus the cost of sending the money. Here is the address to use: David Adams 231 State Road 1A Westport, MA 02790 Then, you have to tell them that I am currently visiting florida and the money needs to be picked up in Orlando, FL. Finally, send me the MTCN, along with your License number, and data feed passcodes, which can be done after you send the money and… Read more »

“I obviously don’t have the personality to trade with retail traders” You make it sound like you gave it a shot for a week and couldn’t handle it LOL You were peddling your shit since 2010 so why are you acting like some bigshot trader who never needed to sell courses or run a trading room? http://www.trade2win.com/boards/futures-options/149498-david-adams-eminiprofessor-extreme-caution.html Truth is, you needed that income, badly… From having seen you trade live you definitely do need a full time job. You obviously can’t make a living from this trading thing and being a “guru” is just too stressful at your age. Smart… Read more »

A great summary of what really went down. Adams also talks out both sides. http://tradingschools.info/2015/08/05/a-review-of-emmett-moore/#comment-107 Probably didn’t trade live for years. If these scams could make a living , they would be building up an account and not even have to do a room. Also, his site http://www.uniquethinkingtrading.com is “suspended”. Along with not paying refunds to many clients over the years, looks like he left the web host hanging too. What a riot. At this point, if he still wants to play the vendor sham game, maybe he could join Ross Scameron’s team over at WT. What would likely happen… Read more »

The Academy Day Trading Software Pro 9 Trader and Todd Rampe … They charge newbies $2000 for their software. Let me tell you what the software is and how it is primarily traded: It is 10, 20, 50, 200 ema’s. The strategy: When the 10 > 20 > 50 > 200, buy pullbacks, when the 10 < 20 < 50 < 200, then sell bounces. There you have it. You can put $2000 back in your wallet.

Adam’s exposed. Emmett should bring back the deleted David Adams review and include this page. http://davidadamseminiscam.com/ The blog writer originally believed Adams’ lies and spam from the reading the comments here on ts.

I was re-reading the “warning” story to refresh myself. that was amazing, 600 million. Makes me wonder how much money people are losing to the markets through the internet vendor scams for the period say 2008 to now. I noticed the same stuff about Adams over a year ago so it’s just the same ol story. https://www.tradingschools.org/warning/#comment-1907

I know the author, William, as I was on the trial period when David Adams blew his 5000$ account and started acting shady as hell. Had a great time fading David’s entries as he had a knack for entering on the right side of the market. I tried to warn the room members about covering their shorts when I could see NQ was about to breakout (it did). David didn’t like that and posted some shit on his blog aftwerwards lmao

What if it’s someone who has the opposite personal attributes of a Steven Dewitt or a Joseph James, but still produces no proof of their successful trading? The best example of this type is Al Brooks, he apparently was a highly successful doctor so people believe everything he says without evidence. I watched Joseph James school of trade videos and he makes very similar analysis as Al Brooks does but charges a lot more and has no personal background/credibility. So Al Brooks is legit because he doesn’t charge $5000 a month or because he is a doctor? This is the… Read more »

Al Brooks is legit in a sense that his price action approach is sound. I have his books and they were useful. He does not give you a system, he walks you through on how he interprets price action. It’s a great help for those who want to learn how interpret price. Will it make you profitable? That’s up to you. It’s a bit like learning to read sheet music, that doesn’t mean you will become a good music composer but at least you will have a way to interpret the notes and symbols on the page. And as most… Read more »

He is legit in the sense that most trading teachers are legit, a small fraction of their teachings have some kernels of truth for consumers to extract, there’s bad info mixed in as well if you backtest his claims about close of bars/moving avgs/etc. His sales of books/webinars/courses are predicated on his outrageous claim he takes up to 100 trades a day on the ES emini using his “sheet reading music” method of analysis and that you too can scale size up to 1000 ES contracts intraday as well to attain “income of your dreams”

Al Brooks doesn’t know what he’s talking about, but he’s making good money nonetheless. None of his ideas are original, he shouldb’t be charging money for offering basic trading analysis or suggesting there’s an edge following his outdated and appropriated teacings

Because you’re a new trader who stumbled onto Brooks’ reappropriatons of common knowledge (edgeless or a small edge) trading ideas and you’re fooled by randomness. Within several years your profits are likely to revert to a mean of 5% or less yearly. due to random nature of market (which Brooks cult refuses to accept, randomness, degradation of edges)

Ok, so you traded for years before finding Brooks’ books. What did you learn from his teachings that makes you think his teachings resulted in your profitability? I and most traders I know find little original and nothing unique in his teachings that has any positive expectancy.

I agree that Brooks did not invent price action and there are plenty of others that implement it with success. I have read Brooks books and consider that in itself a success- I also have purchased Brooks videos. I have spent $$ on a lot worse trading products. Oh- I am also a graduate of the Steve Nison candlestick university – so I am an expert with candle patterns as well. LOL. The $$ I have pissed away! Compared to most of the buggers out there Brooks is the least of the crooks IMHO. Brooks provides so much info that… Read more »

Brooks it could at providing a description of price action and providing labels. This has nothing to do with having a positive expectancy, which is a favorable probability of being able to select profitable trades. Brooks has deluded you like all other semi-sophisticated traders, this cult really is amazing. Why doesn’t he run a charity with a small % of his trader education profits if he’s as good as trading forum people think?

Not beliefs, data derived from backtesting and years of experience not beliefs. Brooks cult is able to manipulate and exploit semi-sophisticated consumers based on certain non-random features that have no probability-based frequency which can be foreseen except in hindsight, that’s why he’s selling same ideas as Joseph James and other less savory types without the cult appeal Brooks has, shocking Brooks lovers are on here!!!

This is from my buddy Avery- AKA The rumpled one- Enjoy! “Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left,… Read more »

You have to be a newbie idiot with not many years experience trading thinking that you can take money from most sophisticated firms in world trading on a 5min candle chart. Entering like magician Al Brooks on Limit orders and scalping 1point all day…

If you told all to trade a Real Account with his real money on line on 5min chart he would shit his pants!

Let me tell you my experience with how one of these sophisticated firms traded my account. It was a large account for me > 6 figures. I personally know the quant and he is a really smart guy- He is contracted by all the big players globally. People in the biz all know him. 6 months less than 2% return and the the equity curve in was scary. But when I looked at the trades – My god- a 4 year old could trade better. But according to you and Pete’s thinking these were likely the most significant trade areas… Read more »

If you’ve been day trading since 2003 then it’s surprising you think Al Brooks’ books actually had much influence on your view of price action, he just described stuff any intelligent and observant person would know after a few years of watching price. There’s a guy who own a brokerage on futures.io who doesn’t believe Al Brooks trades. He has the data, mass student failures, to show how Al Brooks is a master of BS or he’s trading opposite of how he teaches. Either way it’s appalling, what Brooks is doing to people while smart traders kiss his ass. It… Read more »

Perhaps you could try reading my responses for content. “Compared to most of the buggers out there Brooks is the least of the crooks IMHO.” Brooks provides ways to look and identify price action and that is a start- Did I ever say it was everything? No But at least it gets you looking in the right direction and at things you can build from. I purchased some books and a video series years ago. I use some of the things from these resources daily which is much more than I can say for some of my other training investments.… Read more »

Brooks says he trades for a living. Therefore whatever he makes from selling products is a very small fraction of what he makes daytrading. He must make like $500,000 a year from day trading to be consistent with this logic.

Where’s the evidence of his students having success like that? Big Mike is a millionaire because of the lies he and his bedfellow Brooks are selling, not because he mastered Brooks’ teachings with 5-15 minute charts on the ES.

I have said what I want on Brooks- Whether profit comes from his info or in spite of them may remain the mystery. You do however bring up other points regarding the bigger fraud at futures.io and Big Mike. You say a broker is displaying private account stats on futures.io ? That is sleazy- A quick search on privacy and Big Mike indicate this is common complaint. If he thinks you are a threat or may know more than him he monitors your private email is the accusation. That is scum of the earth sleaze that only a unstable boy… Read more »

If you look at his presentation charts you will see the resemblance to the charts I posted. I don’t use his indicator’s I use Lizard traders- Look at both sites you will see the similarities of what real traders use. The huge benefit of John’s seminars is you get to build a belief that you can be profitable. For 3 days you get to eat- drink and talk with other traders at all levels and some at the very highest levels. If you believe the best you can make is 5% a year you may be able to shatter that… Read more »

Most futures.io members know BigMike is a conman. It’s like joining a gang, the leader and other members offer you something in return for the front money (elite membership). Big Mike’s voice is a raspy sociopath’s tone,Al Brooks’ voice is a mellifluous bass with hints of empathy, that’s why he’s so dangerous.

Al’s been teaching for 8 years, Where are his successful traders making six-seven USD figures per doing this crapshoot “trading for a living”?

I don’t think BigMike is that big a con as the worst exposed here on ts. However, most elite members eventually realize how useless it all is and the journals are a joke since they are either daydream sim shams that never post their losers, or hidden vendors trying to build up an audience to refer to contacts later. Many are deluded showoffs that blow up their account and every few years, there is a different set of outspoken members. Al Brooks has such a forced and fake bass voice. He must have spent as many hours forcing his vocal… Read more »

This video of Brooks https://www.youtube.com/watch?v=JRKT9uZiiDc is as creepy as the Heaven’s gate cult initiation videos on Youtube. The fake bass voice theory does a lot to explain the overall cult of deception. I have received MSGs from several subscribers of Al’s webinar who said he legally changed his last name for ease of pronunciation. GL to Emmett following the smoke trails.

There could be any number of malpractice reasons or a big blunder to force a md to lose his license. Another example is righlinetrading’s plastic mutilator and pill pusher Sachs. If I recall Brooks had a daughter or two that went high tuition ivy school. Ssomeone in elite posted Brook’s google maps house which looked similar in value to Valdemarre Kazangaganana’s meagre abode.

It’s not like the indicator is magic- It only helps if you understand price action. The ES chart today- One tiny sell signal at the open and all those buys. If you don’t understand PA you get chewed up in the sausage grinder. The ES was simply going through support resistance levels this am – all of these levels were on the chart before the open. No magic numbers needed LOL.

All I am trying to say is price action works if you understand the context. If you don’t you are screwed.

@ Crooked Hillary Why the white out of indicators so nobody can see? I am sure you realise (based on the fact you state when used correctly this setup is profitable) that you could give all of this away and it wouldn’t make a single bit of difference to the market. Institutions drive the market and they create the footprint that your indicators work from. If they are proprietary to you then sure, but if they are not (and from looking at them I don’t believe they are) I am sure just stating what you are using and where you… Read more »

I would agree. Fattails and his indicator contributions are one of the few legit things about bmt. Some advice for newbs would be to play around with fattails’ best indicators and make up your own system.

What if the random walk is a myth? What if there are obstacles invisible to you that the market must respect in order to move? What if your belief is based on selective brain filtering? As is demonstrated in this famous experiment: What if the answer is inside you but your ego stubbornly refuses to allow access? What if the guru within really means releasing the chains created by the ego? Why does Van Tharp have a spiritual component to his program? It took me a long long time- and I have data going back 3 years now and once… Read more »

I would recommend trying this product. If you can’t tell a difference in the 1st 30 days send it back for a refund. Home You need a method that is profitable and that you trust. But you need to first trust yourself. Everyone I know who is a success took thousands of hours of hard work with no guarantee of payoff. Be honest with yourself if you are not willing to do what is required ( most aren’t) you will not make it. This is what creates the market for these “Training companies”. But even a good one will likely… Read more »

The number one all time downloaded indicator at Big Mikes is the Price Action Pro Indicator for Ninjatrader. If you don’t have it and want it let me know and I will send it to you also with a link on how to use it..

Please send me the info on the price action pro trader from Ninja trader. From my experience trading is relatively simple. There is a relationship between gold silver treasuries and stocks. If is a verifiable relationship. When stocks VTI (OR THEIR TRIPLE LEVERAGED versions tqqq, upro, tna go up in gnerall ugld, uslv and tmf go down and visa versa. SO THAT IS YOUR FIRST EDGE – KOWING THAT REALITY. I am giving you that information in exchange for you telling me about this price action pro indicator. by ninja trader